Marine Coatings Market worth $10.4 Billion by 2019

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MarketsandMarkets Presents
Marine Coatings Market by Type Based on
Chemistry - Global Trends Forecasts to 2019
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Marine Coatings Market worth 10.4 Billion by 2019
The report, Marine Coatings Market by Type
(Anti-corrosive, Anti-fouling, and Others), and
based on Chemistry (Epoxy, Polyurethane, and
Others) - Global Trends Forecasts to
2019, defines and segments the marine coatings
market with an analysis and forecast of by
product type, based on chemistry by volume as
well as value.
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Marine Coatings Market worth 10.4 Billion by 2019
Browse gtgt 84 data tables
59 figures
168 pages and in-depth TOC on Marine Coatings
Market This is a Premium Report Priced at US
4650 for single user. Early buyers will receive
10 customization on this report. Asia-Pacific
is the key market for marine coatings due to new
shipbuilding industry and dry-dockings Asia-Paci
fic dominated the marine coatings market in 2013
and accounted for over 75 of the market size, by
volume and value. Country-wise, China is the top
consumer of marine coatings products, and is also
the largest market for marine coatings products
registering a CAGR higher than the global average
till 2019.
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Marine Coatings Market worth 10.4 Billion by 2019
South Korea is the second-largest marine
coatings consumer in the world. The demand for
coatings is increasing in this region owing to
building of new ship and dry-docking. There are
three main factors contributing to growth in the
marine coatings market. These include the
continued expansion of the oil and gas market,
more extensive use of coatings to ensure
long-term protection of marine assets and the
implementation of IMO ballast tank coating rules.
However, strict environmental regulations and
customer preference for eco-friendly products are
boosting innovation. Scientists and
industrialists are developing metal-free
anti-fouling coatings which will not affect
marine life. Some challenges faced by the
industry are consolidation of shipping companies
and the projected decline in shipbuilding
production. Consolidation of shipping companies
is putting pressure on marine coatings prices for
manufacturers.
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Marine Coatings Market worth 10.4 Billion by 2019
Anti-corrosive coatings are the most commonly
consumed marine coatings by type, and epoxy-based
marine coatings dominate the marine coatings
market based on chemistry Anti-corrosive
coatings are the most commonly consumed marine
coatings, they accounted for 60 share of the
total market size, in terms of volume in 2013.
They are estimated to continue being the most
consumed marine coatings with the highest CAGR
between 2014 and 2019. Anti-corrosive coatings
are followed by anti-fouling coatings with a
market share of 34 in the same year.
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Marine Coatings Market worth 10.4 Billion by 2019
Epoxy-based marine coatings dominated the marine
coatings market, in terms of volume in 2013. They
are estimated to continue being the most consumed
marine coatings with the highest CAGR between
2014 and 2019. Due to their various advantages,
epoxy-based marine coatings are used in different
parts of a vessel which mainly include the
underwater hull, tanks, deck, superstructures,
and topsides among others. Thus, due to a large
market of anti-corrosive, the demand for epoxy
also increases. Purchase a Copy of this Report
Today !
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